Engagement (Retainer) Letter: Contingency Fee Arrangement (Illinois)

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About this template
This legal template, titled "Engagement (Retainer) Letter: Contingency Fee Arrangement (Illinois) under USA law," is a standardized document that outlines the terms and conditions of a contractual agreement between a client and an attorney or law firm based in Illinois, United States. The template specifically caters to cases where a contingency fee arrangement is being established.

A contingency fee arrangement typically applies in civil litigation or personal injury cases where the attorney's fees are contingent upon the successful outcome or settlement of the client's case. This template regulates the essential aspects of this arrangement, such as fee percentages, expenses, scope of work, and responsibilities of both parties.

The letter begins by identifying the parties involved in the agreement, establishing a formal attorney-client relationship. It then delves into the specifics of the contingency fee arrangement, including the percentage the attorney will receive from any monetary recovery obtained for the client.

Furthermore, the template addresses expenses related to the case, clarifying whether they will be paid upfront by the client or deducted from the ultimate recovery. It may also specify which expenses will be reimbursed and which will not.

The document outlines the attorney's obligations, such as providing legal services, acting diligently, maintaining confidentiality, complying with professional standards, and communicating effectively with the client throughout the process. Additionally, the client's responsibilities, which may include providing truthful and accurate information and cooperating with the attorney, are also explicitly mentioned in the agreement.

Important procedural and payment details, such as how the attorney will invoice the client and when the client is required to pay, are outlined in the template. Additionally, it may include provisions for termination or withdrawal from the representation and the implications it may have on the fee agreement.

Finally, the template may contain standard clauses to cover various legal matters, including governing law, jurisdiction, dispute resolution, and the entire agreement clause, which ensures that all essential terms are included in the document.

Using this template can provide both the attorney and the client with a clear understanding of the terms and conditions governing their contractual relationship and can help ensure a fair and transparent arrangement for both parties under the laws of Illinois and the broader USA legal framework.
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